The Long Investor
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$MARA - RC -
🕑 Added 2025-05-15 11:41:35 +0000 UTCWe haven't shared many of the Crypto mining companies in awhile and this is mainly due to the fact they don't have any changes but it is worth having a look at a number over the next few days.
$MARA has so far found support on the 0.78 Fib after a 16 months pull back since its high at $34.
Price action also found support on the bottom trend line too in this descending wedge.... we can see that the price is already back above the 0.618 Fib and routing towards the 50 and 200 WMA at $18
Breaking above these MA's and more importantly the blue resistance/support line at $20 and this will give you a strong reversal signal, with the wedge top line the next target at $25.
Comments
Rich
My avg is 19.27.... is getting some more now to bring down my avg to about 18 crazy?
Steve Cullip
Re-read the commentary. The MAs and blue line are resistance. Getting above those and flipping them to support would be your risk averse entry.
Julien
Are you able to count subwave? If we want some exposure to miners whatβs a good entree?
